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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (86157)	12/3/1999 7:16:00 PM
From: Robert Rose	Read Replies (1) \| Respond to of 164684

Well, if you bot at the TOP in April, you'd still be up 25% with these stocks on average. The naz is up 58% for the year. In the face of such numbers, I am just amazed at bears who are determined to stick to the mud and say, "No, I refuse to make money also!" Not saying you refuse or are not making money, but some poor folks just seem so stuck in that leaking boat.

To: GST who wrote (86157)	12/3/1999 7:24:00 PM
From: Bill Harmond	Respond to of 164684

>>The why is much more simple -- mania. And as long as the mania continues, you are ok. The valuations are manic, because they do not reflect ANY RISK. Manias like this discount perfection not only for the rest of your life, but factor in an afterlife (maybe two). You do, I presume, know that there are two sides to every manic episode -- the giddy-side and the suicide. Bon chance with 'buy and hold' in a maniacal market. Do you have some special mania radar? Is there a proprietary GST litmus test you'd like to share? IMO these stocks are just doing what AOL has been doing since 1992, and no one ever labeled AOL (or AMER in the early years) a mania. Have you considered that the market could know more than you? That is always a wise question to ask. You've been throwing out strong economies, weak currencies, gold prices, all sorts of extraneous economic factors as preamble to the final undoing of this information boom. Apparently the information boom has better information. Business for semiconductors, software, online services, finished communication gear, consulting and integration services, bandwidth...you name it is setting records daily. China just agreed to 50% foreign ownership in their telecom infrastructure, and capital will pour in for that effort. None of this is ending soon. Oh...and the US bond market is bottoming.